RMB facilitates USD1.8bn financing for landmark Nigeria–Niger regional railway project

RMB has played a key role in financing a landmark infrastructure project that will enhance regional trade and connectivity between Nigeria and the landlocked Republic of Niger. The bank facilitated the provision of USD1.8bn in funding to Nigeria’s Ministry of Finance for the development and construction of the 374km Kano–Maradi railway. This transaction demonstrates RMB’s ability to structure complex, cross-border financing solutions that bring together global capital providers and align with sovereign development priorities.

Client challenge

The Kano–Maradi railway is a critical project aimed at expanding trade infrastructure, boosting regional integration, and supporting Nigeria’s long-term sustainability goals. The size and strategic importance of the project meant that financing could not come from a single source. The funding solution also needed to accommodate the requirements of both international and domestic stakeholders, including export credit agencies, development finance institutions, and local currency lenders. The cross-border nature of the railway, combined with the participation of multiple jurisdictions and institutions, introduced additional legal, financial, and operational complexity.

RMB solution

RMB acted as Global Co-ordinator and Initial Mandated Lead Arranger on the USD1.8bn facility, working closely with the Ministry of Finance and supporting execution over a three-year period.

RMB’s solution combined funding from development finance institutions, export credit agencies – including SINOSURE, marking RMB’s first deal backed by the Chinese Export Credit Agency – and local currency financiers. This approach ensured a resilient and diversified capital structure tailored to the project's requirements.

RMB also worked alongside Mota Engil Africa, the project’s EPC+F contractor, with whom the bank has an established track record in delivering infrastructure across the continent. Internally, RMB mobilised its Export Credit Agency, China Desk, Syndications, Insurance and Infrastructure Sector Solutions teams to provide a fully integrated approach.

Results and benefits

The Kano–Maradi railway will serve as a catalyst for economic growth and trade in the region by linking inland transport corridors between Nigeria and Niger. The project also contributes to Nigeria’s commitment to reduce carbon emissions by 94% by 2050 by promoting diversified modes of transport and enabling more efficient logistics.

By securing this significant cross-border financing, RMB has reinforced its position as a trusted infrastructure partner in Africa and demonstrated its ability to deliver multi-stakeholder transactions that support regional development objectives.